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Casual Articles - Safer Day Trading Online Using The Buy Sell Zone
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The area above the Central Pivot Point is regarded as the Sell Zone and the area below the Central Pivot Point is regarded as the Buy Zone.
Applying The Concept To Day Trading
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Often though the most successful strategies are the simple ones when day trading online.
Here is a basic concept to drill into the brain which can make day trading online more understandable and less taxing mentally and emotionally.
The Buy Sell Zone
Just what is the Buy Sell Zone?
To identify it you need to calculate the Central Pivot Point.
This is easily done by simply getting 3 figures from your charts regarding the previous day's price action. You need the High, Low, and Close figures which can easily be obtained by looking at your daily chart and hovering your mouse over the previous day's candle.
The High, Low, Open, and Close values will be shown either in a pop up window or in some other area of your chart.
Now just add the High, Low, and Close figures together and divide by 3. You now have the Central Pivot Point. (See the resource box below for a free pivot point calculator which gives not only the Central Pivot Point but S1, S2, R1, and R2 values as well with mid points automatically calculated.)
The area above the Central Pivot Point is regarded as the Sell Zone and the area below the Central Pivot Point is regarded as the Buy Zone.
Applying The Concept To Day Trading O
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Here is a basic concept to drill into the brain which can make day trading online more understandable and less taxing mentally and emotionally.
The Buy Sell Zone
Just what is the Buy Sell Zone?
To identify it you need to calculate the Central Pivot Point.
This is easily done by simply getting 3 figures from your charts regarding the previous day's price action. You need the High, Low, and Close figures which can easily be obtained by looking at your daily chart and hovering your mouse over the previous day's candle.
The High, Low, Open, and Close values will be shown either in a pop up window or in some other area of your chart.
Now just add the High, Low, and Close figures together and divide by 3. You now have the Central Pivot Point. (See the resource box below for a free pivot point calculator which gives not only the Central Pivot Point but S1, S2, R1, and R2 values as well with mid points automatically calculated.)
The area above the Central Pivot Point is regarded as the Sell Zone and the area below the Central Pivot Point is regarded as the Buy Zone.
Applying The Concept To Day Trading
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This is easily done by simply getting 3 figures from your charts regarding the previous day's price action. You need the High, Low, and Close figures which can easily be obtained by looking at your daily chart and hovering your mouse over the previous day's candle.
The High, Low, Open, and Close values will be shown either in a pop up window or in some other area of your chart.
Now just add the High, Low, and Close figures together and divide by 3. You now have the Central Pivot Point. (See the resource box below for a free pivot point calculator which gives not only the Central Pivot Point but S1, S2, R1, and R2 values as well with mid points automatically calculated.)
The area above the Central Pivot Point is regarded as the Sell Zone and the area below the Central Pivot Point is regarded as the Buy Zone.
Applying The Concept To Day Trading
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Now just add the High, Low, and Close figures together and divide by 3. You now have the Central Pivot Point. (See the resource box below for a free pivot point calculator which gives not only the Central Pivot Point but S1, S2, R1, and R2 values as well with mid points automatically calculated.)
The area above the Central Pivot Point is regarded as the Sell Zone and the area below the Central Pivot Point is regarded as the Buy Zone.
Applying The Concept To Day Trading
When you hear somebody say, “that Joe is quite a sales guy,” it is usually not intended as a compliment. Sales professionals have even been depicted as shady in children’s cartoons. They are typically saying that Joe is a fast-talking, glad-handing, person who can make you want something that you have heretofore had no need for, and will find no need for once you own one of each of the items he’s selling.If you are in
The area above the Central Pivot Point is regarded as the Sell Zone and the area below the Central Pivot Point is regarded as the Buy Zone.
Applying The Concept To Day Trading Online
Generally the safer trades are made following this guideline:
Only go short when price is above the Central Pivot Point. Only go long when price is below the Central Pivot Point.
Why is this such a safe rule? Because it follows the other standard rule which applies to day trading online:
- Buy the dips in an uptrend
- Sell the rallies in a downtrend
Some traders will enter as price moves in a certain direction in line with the momentum. That's one way to trade.
A different way, and a way which ensures a much better entry point, is to wait for price to pull back before it resumes the momentum. That way your stop can be smaller and your profit target is closer.
Are There Exceptions?
Day trading online does not involve the application of rigid rules that cannot be broken. There are exceptions in every case and day trading requires a great amount of judgment and individual interpretation of what is going on in the market place.
So yes, there will be times when profitable trades can be had by buying in the Buy Zone and selling in the Sell Zone.
However, if you decide to do that, then d
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